The Insurance Institute for Highway Safety (IIHS) has rendered
the top rating - 'Good' - on
Honda Motor Co.
) Civic (both two- and four-door versions from 2013 model year)
in the new crash test.
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The crash test assessed the performance of the vehicle under the
new and tougher environment, examining the consequence of a
collision between the front corner of a vehicle with another
vehicle or object like a tree or utility pole.
Recently, Honda upgraded and redesigned the 2012 Civic, providing
it with a sleek look and better interior quality and steering.
Honda undertook this decision to resolve the issues regarding the
2012 model and make it suitable for consumers.
The new IIHS crash test was conducted on five vehicles including
) XC60 mid-sized SUV also received 'Good' rating, while
Ford Motor Co.
) Lincoln MKZ luxury sedan and Mazda Motor Corp's 6 sedans
received 'acceptable' rating.
Toyota Motor Corp.
) best-selling 2013 Camry passenger car received a poor
crash-test rating from the IIHS. However, its predecessor, 2012
Camry was acclaimed as a Top Safety Pick by IIHS and received a
5-star safety rating from the National Highway Traffic Safety
Honda is a leading manufacturer of automobiles and the largest
manufacturer of motorcycles in the world. The automaker is
recognized internationally for its expertise and leadership in
developing and manufacturing a wide variety of products that
incorporate its efficient internal combustion engine technologies
ranging from small general-purpose to specialty sports cars.
Currently, Honda retains a Zacks Rank #3 (Hold) on its stock.
Honda reported a 62.5% increase in profits to ¥77.4 billion
($894.0 million) in the third quarter of fiscal 2013 ended Dec
31, 2012 from ¥47.7 billion in the same quarter of prior fiscal
year. Earnings per share rose 62.5% to ¥42.97 ($0.57) from ¥26.45
in the fiscal-2012 quarter
Revenues in the quarter escalated 24.9% to ¥2.4 trillion ($28.1
billion), driven by increased revenues from the company's
automobile business with the recovery of production from the
impact of the flooding in Thailand.